Gold Scam Costs Westfield Resident Nearly $75K, Police Say

WESTFIELD, NJ — A Westfield resident lost nearly $75,000 in a gold scam after wiring thousands of dollars in exchange for what they believed would be a pure, one-ounce gold bar, according to police.

Police said the resident reported the incident on July 2 after sending approximately $71,500 as part of the transaction.

According to police, the resident realized they had been scammed after the wire transfer was completed and noticed issues with the address associated with the transfer.

The resident reported a total financial loss of approximately $74,700.

Police did not release additional details about how the resident was first contacted or who was behind the scam. The incident remains under investigation.